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Vitalik Buterin Announces Major Changes to Ethereum Foundation Leadership

20 January 2025
in Crypto, News
Reading Time: 3 mins read
111 1
Home News Crypto

Ethereum co-founder Vitalik Buterin has stated that the Ethereum Foundation (EF) is currently undergoing significant leadership changes, a process that has been in the works for nearly a year.

Some aspects of the restructuring have already been implemented and made public, while others remain in progress.

Buterin emphasized that the foundation’s primary goals are to enhance the technical expertise within its leadership, strengthen two-way communication with key ecosystem stakeholders, and bring in fresh talent to speed up execution. Additionally, the foundation aims to offer more active support to app developers while ensuring that fundamental values such as privacy, open-source principles, and censorship resistance are upheld, particularly at the app layer. EF is also working to increase its use of decentralized technologies and the Ethereum blockchain for payments and treasury management.

However, Buterin made it clear that the foundation does not intend to shift its ideological stance or aggressively lobby regulators and political figures. EF is committed to maintaining Ethereum’s position as a neutral global platform and distancing itself from becoming a centralized organization or a dominant player within Ethereum.

Buterin further stated that individuals seeking a different vision are welcome to establish their own organizations, as EF remains committed to its core mission and values.

Meanwhile, Buterin outlined the goals of “The Splurge,” the sixth stage in Ethereum’s development roadmap. Focused on strengthening Ethereum against future threats, this phase aims to improve the Ethereum Virtual Machine (EVM), incorporate account abstraction, and enhance security with advanced cryptography. Buterin also discussed safeguarding the blockchain from potential quantum computing risks, noting that current quantum computers are too weak to challenge encryption, with functional technology likely decades away. The updates reflect Ethereum’s commitment to long-term resilience, ensuring the blockchain remains secure in the future.

Notably, Buterin’s previous post in the series, published on October 17, focused on “The Surge,” the growth phase before “The Splurge.” In this post, he outlined plans to scale Ethereum’s mainnet and layer-2 solutions to handle over 100,000 transactions per second (TPS), with a focus on enhancing scalability and improving network performance.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: EthereumVitalik Buterin
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Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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